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Raise the Red Flag?
By Jesse Freund

(Business 2.0) – As money pours into Beijing to prepare for the Olympics, some worry that China's torrid economy is overheating--particularly in busy sectors such as steel, cement, and property development. To curb investment, China's government recently moved to restrict lending, but this only sparked concerns about a possible hard landing. Too hot or too cold? We'll know in the second week of August, when China releases an economic status report. Observers expect fixed-asset investment to cool to a 15 percent growth rate--vigorous, but off the alarming 35 percent figure seen earlier this year.